Owning your own business can be a very rewarding experience.
However, when you start up your own business, YOU BELIEVE that you will be your own boss, control your own destiny, and maximize your potential; however I have found after working with many business owners that they soon discover ttheir ideals have to be tempered by unnecessary red tape & compliance requirements, third party demands (bank, tax, BAS, workers, suppliers, customers, etc), family pressures, and personal space.
In order for a successful business to be able to provide the local area with a product or service that is in demand. Anytime you plan on starting up a business, there are a number of steps that you will need to take to ensure that your business will be successful. Taking these steps will allow you to make your business reputable and profitable.
When starting your business you will need to decide on many things. The type of business you want to start up. What structure you will operate under - personal name, trust, company, partnership, etc. As well as evaluating the demand of your chosen product/service and analysing the potential customer base for that product/service, you will also want to acquire adequate funding for a successful startup and launch, and decide on a location in which to operate.
Businesses will also need to market themselves, as well as provide the best possible service for their customers. Following these basic steps will ensure that a new or an existing business can reach its goals and become one of the best in its local community and beyond!
Do small, local businesses really need a website?
Yes! Mobile search is taking over, with the majority of on-the-go users visiting local businesses within 24 hours of doing their research. If you don’t have a website, you could be missing out on massive opportunities to reach nearby customers looking for products and services just like yours.
If your business is in need of a tune up or start up launch?
Yes! We Can Help!
We don't need to tell you that it is a tough world to own and operate a business. If your business is not operating well then the chances are it will not survive. The real opportunities lie within the business model itself.
Starting from where it is today...
This process is called a Business Tune up. Together, RedCap Consulting and UFirst Internet Marketing, we want to help you and your business survive and, more importantly, prosper!
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Less than 3% of small business owners make more than $150,000 annually and less than one half of 1% ever reach $1 million in total revenue.
Do NOT be one of them!
A Business is the organised efforts and activities of individuals to produce and sell goods and/or services for profit to customers.
Most people will probably start their business for one these following main reasons...
If you have not thoroughly researched your desired business or obtained the required education prior to launching your business, then the ‘University of Hard Knocks’ awaits. I have learnt that you will get your business education in either 1 of 2 ways.
1. You pay out money to get knowledge from a school, or coach/mentor, or apprenticeship.
2. You lose money through failure
Either way - IT will cost you to get your education!
Whatever your reason is; it’s almost too late to educate yourself AFTER you take the leap to start your own business. Especially because that’s what happens when you do not create a well researched business plan.
DON'T get trapped into thinking that building a successful and profitable business is more luck than skill. To succeed in business today, you need to be teachable, have a great work ethic, an ability to be flexible, and have good planning and organisational skills.
Many people start a business thinking that they no longer want to work for a boss, and that if just the act of turning on their computers, or opening their shop doors that they will start making money; only to find that making money in a business is much more difficult than they thought.
You can avoid this in your business by taking your time and planning out all the necessary steps you need to best position yourself to achieve success.
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* Deferred payment offer available to new and existing approved customers on a new Prospa Small Business Loan settled between 3 May and 9 June 2019 inclusive. No loan repayments required from the eligible loan settlement date to 30 June 2019 (inclusive). Loan repayments begin on 1 July 2019. Total loan repayment term will be extended by the time equal to the loan payment deferral period. Offer only available to customers connected to electronic bank statements. Offer not available in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply.Lowest rate is 9.9% p.a. simple interest rate. Prospa uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for small business loans range from 9.9% to 26.5% p.a. simple interest rate. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings. A $10,000 12-month loan with a simple interest rate of 9.9% p.a. would have a total repayment amount of $10,990 and an Annual Percentage Rate of 17.5%. Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to Prospa’s small business loan product only. See prospa.com for more details.